SEOUL, March 27 (Korea Bizwire) — Hyundai Glovis Co. said Monday it has signed a memorandum of understanding (MOU) with GS Energy Corp. for a collaboration in the production and delivery of ammonia and hydrogen as it accelerates its clean energy drive. Under the MOU, Hyundai Glovis will take charge of the marine transportation of [...]
SEOUL, Feb. 7 (Korea Bizwire) — A majority of the hydrogen fuel cell power generators established in the last three years are not currently in operation, data showed Monday. The Korea Energy Agency reported that among 384 fuel cell power generators built between 2019-2021, only 123 are currently in operation, a mere 32 percent of [...]
LAS VEGAS, Jan. 24 (Korea Bizwiure) — DCARB, which operates in the booming Hydrogen and Decarbonisation sectors, has received VC funding from the Canadian merchant banking firm Caerus Capital. HYDROFLEX (via their brand DCARB) has secured a significant position as a leading solution provider in the Decarbonisation and Carbon Emission reduction sectors through its breakthrough [...]
SEOUL, Dec. 28 (Korea Bizwire) — The Ministry of Land, Infrastructure and Transport said Tuesday it had succeeded in developing a test vehicle for a hydrogen-powered electric train in collaboration with the state-run Korea Railroad Research Institute. The two parties have carried out a project since 2018 to develop a hydrogen fuel cell-based hybrid propulsion [...]
SEOUL, Dec. 23 (Korea Bizwire) — South Korean shipbuilding, oil refining and machinery conglomerate HD Hyundai said Thursday its shipbuilding units succeeded in developing the country’s first liquid natural gas (LNG)-hydrogen mixed-fuel engine. Korea Shipbuilding & Offshore Engineering Co. and its affiliate Hyundai Heavy Industries Co. jointly announced on the completion of performance tests for [...]
LATHAM, N.Y., Dec. 15 (Korea Bizwire) – Plug Power (Nasdaq: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, and Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today announced a strategic relationship focused on moving the hydrogen economy forward. Plug and Nikola have executed a [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korea’s fuel cell maker Doosan Fuel Cell Co. said Monday that it had signed a deal with China’s ZKRG Smart Energy Technology Co. to supply hydrogen fuel cells as well as to establish a joint venture. Under the terms of the deal, Doosan Fuel Cell will export a [...]
SEOUL, Nov. 8 (Korea Bizwire) — Hyundai Motor Group said Tuesday it has signed an initial pact with a Chinese investment bank to push forward its commercial car business in the world’s biggest automobile market. Hyundai Motor Group China has signed a memorandum of understanding with the CICC Capital Management (CCM) department, an affiliate of [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korean fiber manufacturer Hyosung TNC Corp. said Wednesday it had successfully developed a new nylon product that is used to make the liners inside the fuel tanks of hydrogen-powered vehicles. A liner is a container inside the fuel tank that carries hydrogen and prevents it from being leaked. [...]
SEOUL, Sept. 1 (Korea Bizwire) — POSCO Holdings Co., the largest steelmaker in South Korea, said Thursday it has signed a memorandum of understanding with India’s Greenko to produce so-called green hydrogen. Under the deal, the two will launch a project to produce green hydrogen and ammonia in India by using renewable energy. The two [...]